THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) AS RETAINED AS PART OF
8th October 2024
Ten Lifestyle Group plc
("Ten" or the "Group")
Result of Retail Offer
Ten Lifestyle Group plc (AIM: TENG), the global concierge platform driving customer loyalty for global financial institutions and other premium brands, announces that, pursuant to the Retail Offer it has conditionally raised gross proceeds of c.
Consequently, 9,317,460 Placing Shares and 15,393 Retail Offer Shares, resulting in a total of 9,332,853 new Ordinary Shares, will, subject to the passing of the Resolutions at the General Meeting, be issued in relation to the Fundraising.
The Placing and Retail Offer remain subject to, inter alia, the passing of certain Resolutions at a General Meeting of the Group on 16th October 2024.
Application will be made for the Placing Shares and the Retail Offer Shares to be admitted to trading on AIM and, subject to the passing of the Resolutions, it is expected that Admission will become effective and that dealings in the Placing Shares and Retail Offer Shares will commence at 8.00 a.m. on 17th October 2024.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 95,898,336. There are no Ordinary Shares held in treasury and therefore the total number of voting rights in the Company is expected to be 95,898,336. The above figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Capitalised terms used in this announcement have the meanings given to them in the Circular posted to Shareholders on 30th September 2024, unless context provides otherwise.
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For further information please visit www.tenlifestylegroup.com or call:
Ten Lifestyle Group plc Alex Cheatle, Chief Executive Officer Alan Donald, Chief Financial Officer
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+44 (0)20 7850 2796
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Singer Capital Markets Advisory LLP, Nominated Advisor, Broker and Retail Offer Coordinator Corporate Finance: James Moat / Oliver Platts Corporate Broking: Tom Salvesen / Charles Leigh-Pemberton
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+44 (0) 20 7496 3000 |
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc partners with financial institutions and other premium brands to attract and retain wealthy and mass affluent customers.
Millions of members have access to Ten's services across lifestyle, travel, dining and entertainment on behalf of over fifty clients including HSBC, Swisscard and Royal Bank of
Ten's operations are underpinned by an increasingly sophisticated personalisation platform comprising industry-first, proprietary technology, thousands of supplier relationships and 25 years of proprietary expertise delivered from over 20 global offices. Ten was also the first B Corp-certified company on the AIM market, demonstrating its commitment to sustainability, social responsibility and ethical business practices.
Ten is on a mission to become the most trusted service platform in the world.
For further information please go to: www.tenlifestylegroup.com.
Important Notices
The content of this announcement has been prepared by, and is the sole responsibility of, the Company.
This announcement and the information contained herein is restricted and is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into or from
The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Singer Capital Markets Securities Limited ("Singer"), which is authorised and regulated in the
Singer Capital Markets Advisory LLP ("SCM Advisory"), which is authorised and regulated in the
Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this announcement. The Retail Offer Shares to be issued or sold pursuant to the Retail Offer will not be admitted to trading on any stock exchange other than AIM.
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